The USDCHF pair hovers around 0.9900 level since yesterday, showing sideways and tight trading, waiting to get enough positive momentum to push the price to resume the bullish trend on the short term basis, as our next target is located at the psychological barrier at 1.0000.
The EMA50 continues to support the price from below, reinforcing the expectations of rising in the upcoming sessions, which its continuation conditions holding above 0.9800 level.
Expected trading range for today is between 0.9800 support and 1.0000 resistance.
Expected trend for today: Bullish
Origin: Economies
